Argentina Expects Trade Surplus to Halve in 2012, Cronista Says

Argentina’s government expects the trade surplus to halve to about $5.1 billion in 2012 from this year, newspaper El Cronista Comercial reported, citing a draft of the budget proposal for next year.

The government also forecasts inflation of 9.3 percent in 2012 and a depreciation of the peso to 4.38 per U.S. dollar by the end of the year, the Buenos Aires-based newspaper said today. The government will send its budget proposal to Congress in six days, El Cronista said.

Exports are forecast to rise 7.8 percent and imports to increase 12.8 percent, El Cronista said.

To contact the reporter on this story: Rodrigo Orihuela in Buenos Aires at rorihuela@bloomberg.net.

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net.

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